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Affluent Foundation Holdings Ltd. ( (HK:1757) ) has issued an update.
Affluent Foundation Holdings Ltd., incorporated in the Cayman Islands, has announced a major transaction involving the sale of 75% of its issued shares to China VC Holdings Limited. This transaction, valued at HK$80,000,000, was completed immediately upon signing, resulting in China VC Holdings Limited owning a significant majority of the company. Following this acquisition, a mandatory unconditional cash offer will be made to acquire the remaining shares, ensuring compliance with the Takeovers Code. The offer price is set at HK$0.089 per share, matching the purchase price of the initial transaction.
More about Affluent Foundation Holdings Ltd.
Average Trading Volume: 2,089,615
Technical Sentiment Signal: Buy
Current Market Cap: HK$510M
Learn more about 1757 stock on TipRanks’ Stock Analysis page.